Money stolen without OTPs

Money stolen without OTPs

TIMES NEWS NETWORK

Ahmedabad:  02.07.2020

A 36-year-old man from Vasna, Tapan Parikh, on Tuesday filed a complaint with the cyber crime police station on behalf of his aunt, in order to recover money stolen from her bank account by cyber cheats.

Parikh, on behalf of Miksha Patel, who is from Memnagar and presently lives in Dallas, stated that cyber criminals had managed to siphon off Rs 85,000 from Patel’s account in six transactions using a mobile application between April 3 and May 2019 without one-time passwords (OTPs). As he learned about this on May 21, he made an application to banking authorities to the block the account.

Speaking to TOI, Parikh said, “I made an application to the Reserve Bank of India to block the account on May 21, 2019. The bank did not do much and the cheats managed to siphon off another Rs 1,05,400 from the same account on May 23, 2019. The bank had to reimburse the Rs 1,05,400 as it was taken after I made the application. However, for the Rs 85,000, I had to submit an application to the cyber crime police station. On Tuesday, they called me and registered an FIR,” added Parikh, a manager with a private company.

DCP Rajdeepsinh Jhala of cyber crime police station, said, “This is unique case as the cheats managed to get the money without the OTPs. We will certainly crack the case.” Jhala said that according to the rules, the bank is liable to pay money after an FIR has been filed.